Earnings Season: Your Guide To When Each Sector Reports
The fourth-quarter earnings season is imminent, and to capitalize on corporate financial results, knowing when sectors and companies report is key.
Around the earnings season, the chatter surrounds whether the company hits, misses or exceeds expectations. This invariably triggers at least a near-term move in the stock. Apart from earnings and revenues, some key industry metrics, guidance and commentary on the forward outlook could also move stocks.
Elevated Q4 Expectations
Expectations for the fourth quarter are fairly upbeat, with Factset estimating earnings growth of 10.5 percent for the S&P 500. All 11 S&P 500 sector classes are expected to report earnings growth for the quarter, with energy likely to be the top performer, according to Factset's Earnings Insight. About 4 percent of the S&P 500 companies have reported their results so far.
Corporate profit growth has been robust in recent times despite talk of an imminent slowdown. Profit growth has been identified as one of the key factors responsible for the market's bull run.
See also: Current Economic Expansion Into Its Ninth Year; How It Fares Compared To Predecessors
Here's a rough itinerary of when each sector reports.
Early Reporters
An assorted group of companies, mostly in the software sector, report earnings roughly a month ahead of the official start of the reporting season. Some of the noteworthy companies reporting well ahead of the start of the season are:
Adobe Systems Incorporated (NASDAQ: ADBE)
Costco Wholesale Corporation (NASDAQ: COST)
Jabil Inc (NYSE: JBL)
Oracle Corporation (NYSE: ORCL)
Darden Restaurants, Inc. (NYSE: DRI)
FedEx Corporation (NYSE: FDX)
Micron Technology, Inc. (NASDAQ: MU)
Red Hat Inc (NYSE: RHT)
Bed Bath & Beyond Inc. (NASDAQ: BBBY)
General Mills, Inc. (NYSE: GIS)
Finish Line Inc (NASDAQ: FINL)
Accenture Plc (NYSE: ACN)
CarMax, Inc (NYSE: KMX)
Hovnanian Enterprises, Inc. (NYSE: HOV)
Paychex, Inc. (NASDAQ: PAYX)
Nike Inc (NYSE: NKE)
Pre-earnings Week
Homebuilders
Week 1
Big banks
Regional banks
Week 2
Banks
Technology
Transportation
Big pharma
Defense contractors
Oilfield services
Online brokerage
Toy
Casino and resort operating companies
Week 3
Defense contractors
Financial services
Banks
Technology
Insurance/reinsurance
Health care
Transportation
Steel
Housing
Energy
Pharma
Auto/auto parts retailers Media
Payment processors
Week 4
Entertainment
Auto/auto parts retailers
Restaurants
Energy
Gaming software
Utility
Week 5
Real estate investment trusts
Energy
Travel, tour operators and hotels
Food
Week 6 & 7
Retail
Energy
Related Link:
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